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Overview / Commentary
540-982-3931
723 5th Street, NE
Roanoke, VA 24030

Roanoke Valley Community Credit Union is headquartered in ROANOKE and is the 57th largest credit union in the state of Virginia. It is also the 1,987th largest credit union in the nation. It was established in 1947 and as of December of 2013, it had grown to 23 employees and 10,816 members. Roanoke Valley Community Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Roanoke City, Roanoke County (including Vinton), Botetourt County or the City of Salem. - See Details

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Health

Data for Q4 2013

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Roanoke Valley Community Credit Union has a relatively low asset base.

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Roanoke Valley Community Credit Union had $168,000 in non-current loans and owned real-estate with $5.98 million in equity and loan loss allowances on hand to cover it. This gives Roanoke Valley Community Credit Union a Texas Ratio of 2.81% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Roanoke Valley Community Credit Union decreased dramatically from 10.77% as of December 31, 2012 to 2.81% as of December 31, 2013, resulting in a positive change of 73.94%.This indicates that the balance sheet and financial strength for Roanoke Valley Community Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
B

In the past year, Roanoke Valley Community Credit Union has increased its total deposits by $321,000, resulting in 0.56% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Roanoke Valley Community Credit Union has shown is above average.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Roanoke Valley Community Credit Union has $64.03 million in assets with $5.98 million in equity, resulting in a capitalization level of 9.35%, which is average.

Institution Statistics

Overall
NCUA #5604
Year Chartered1947
Employees23
Primary Regulator
Assets and Liabilities
Assets$64.03 million
Loans$30.57 million
Deposits$58.10 million
Equity Capital$5.77 million
Loan Loss Allowance$211,000
Unbacked Noncurrent Loans$168,000
Real Estate Owned$0
Historic Data - December 2012
Assets$63.91 million
Equity Capital$5.66 million
Loan Loss Allowance$242,000
Unbacked Noncurrent Loans$168,000
Real Estate Owned$269,000
Profit Margin - Quarterly
Net Interest Margin5.55%
Return on Assets0.21%
Return on Equity2.34%
Interest Income$1.89 million
Rates
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Roanoke Valley Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--IRA Account
0.15%--Summer Pay Account
0.10%$2k-Secondary Share Account
0.10%--Club Account
0.10%$20-Safari Saving Club Account
0.10%--MyFi Saving Club Account

Roanoke Valley Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$25k-Money Market Account

Roanoke Valley Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.95%$50k-48 Month CD
0.75%$50k-36 Month CD
0.55%$50k-24 Month CD
0.30%$50k-12 Month CD
Locations


Roanoke Valley Community Credit Union Locations
Branch Office723 5th St NERoanoke, VA 24016-2123
Branch Office1340 Roanoke BlvdSalem, VA 24153
Branch Office4025 Brambleton AveRoanoke, VA 24018
Branch Office5034 Hearthstone Rd NW Ste ARoanoke, VA 24012